Brokerages Set Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Price Target at $19.29

Shares of Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.29.

Several research analysts have recently commented on the company. Barclays lifted their price target on Sun Country Airlines from $20.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $17.00 price target on shares of Sun Country Airlines in a report on Friday, November 15th. Susquehanna lifted their price target on Sun Country Airlines from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. assumed coverage on Sun Country Airlines in a report on Wednesday, January 22nd. They set an “overweight” rating and a $23.00 price target on the stock.

Sun Country Airlines Trading Up 1.7 %

Shares of SNCY opened at $16.11 on Friday. Sun Country Airlines has a 52-week low of $9.22 and a 52-week high of $18.59. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.86. The firm’s fifty day moving average is $16.22 and its two-hundred day moving average is $13.77. The stock has a market cap of $856.38 million, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.42 and a beta of 1.46.

Sun Country Airlines (NASDAQ:SNCY) last announced its earnings results on Tuesday, February 4th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Sun Country Airlines had a net margin of 4.92% and a return on equity of 10.23%. The company had revenue of $260.40 million for the quarter, compared to analysts’ expectations of $258.04 million. During the same quarter in the previous year, the company posted $0.12 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Sun Country Airlines will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Sun Country Airlines

In related news, SVP Erin Rose Neale sold 1,738 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $14.88, for a total value of $25,861.44. Following the sale, the senior vice president now directly owns 30,142 shares in the company, valued at approximately $448,512.96. The trade was a 5.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP John Gyurci sold 1,593 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $17.00, for a total transaction of $27,081.00. Following the completion of the sale, the vice president now owns 11,618 shares in the company, valued at approximately $197,506. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 242,279 shares of company stock worth $4,031,056. Company insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Sun Country Airlines

Several institutional investors have recently bought and sold shares of SNCY. Pacer Advisors Inc. acquired a new position in Sun Country Airlines in the 4th quarter valued at about $30,841,000. Ameriprise Financial Inc. grew its position in Sun Country Airlines by 34.0% in the 4th quarter. Ameriprise Financial Inc. now owns 3,118,136 shares of the company’s stock valued at $45,467,000 after acquiring an additional 791,669 shares in the last quarter. Driehaus Capital Management LLC acquired a new position in Sun Country Airlines in the 4th quarter valued at about $8,868,000. Arrowstreet Capital Limited Partnership acquired a new position in Sun Country Airlines in the 4th quarter valued at about $6,898,000. Finally, Zimmer Partners LP acquired a new position in Sun Country Airlines in the 4th quarter valued at about $6,261,000.

Sun Country Airlines Company Profile

Sun Country Airlines Holdings, Inc, an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards.